GoneWithTheWind
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- 2003-06-24
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NT的报表出来了，说"restate its financials going back to 2000"
股票大跌。
谁给分析一下RESTATE到底是怎么回事。
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The Brampton, Ontario-based firm reported net income of $179 million, or 4 cents per share, in the quarter ended Sept. 30, on revenue of $2.27 billion.
Thirty-six analysts surveyed by Reuters Research had expected, on average, earnings of nil per share, with 26 forecasting, on average, revenues of $2.33 billion.
"We expect revenue for the fourth quarter of 2003 to grow sequentially compared to the third quarter of 2003, and we expect a profit for the full year 2003," Nortel chief executive Frank Dunn said in a statement.
Nortel said it intends to restate its financial results for 2000, 2001 and 2002 and the first half of this year as a result of comprehensive reviews.
The company said it expects the restatements will show a reduction net losses previously reported for 2000, 2001 and 2002, and an increase in shareholder equity and net assets reported on its balance sheet as of June 30.
Nortel said none of the adjustments was expected to have any impact its cash balance, nor does it expect the adjustments to affect future business operations.
股票大跌。
谁给分析一下RESTATE到底是怎么回事。
ADVERTISEMENT
The Brampton, Ontario-based firm reported net income of $179 million, or 4 cents per share, in the quarter ended Sept. 30, on revenue of $2.27 billion.
Thirty-six analysts surveyed by Reuters Research had expected, on average, earnings of nil per share, with 26 forecasting, on average, revenues of $2.33 billion.
"We expect revenue for the fourth quarter of 2003 to grow sequentially compared to the third quarter of 2003, and we expect a profit for the full year 2003," Nortel chief executive Frank Dunn said in a statement.
Nortel said it intends to restate its financial results for 2000, 2001 and 2002 and the first half of this year as a result of comprehensive reviews.
The company said it expects the restatements will show a reduction net losses previously reported for 2000, 2001 and 2002, and an increase in shareholder equity and net assets reported on its balance sheet as of June 30.
Nortel said none of the adjustments was expected to have any impact its cash balance, nor does it expect the adjustments to affect future business operations.
